: Yancheng Oriental Group intends to transfer 14.00% of the company's shares according to the agreement.

Lipower Corporation Announcement: Shareholder Yancheng Dongfang Investment Development Group Co., Ltd., holding more than 5% of the shares, plans to transfer its 37.2859 million shares of the company, accounting for 14.00% of the total share capital, through public solicitation. During the public solicitation period, only one potential buyer has submitted an application to Dongfang Group and has paid the required application deposit. The transfer price will not be lower than Dongfang Group's cost of 12.59 yuan/share, and the final price will be determined based on the public solicitation and approval from relevant departments. If the transfer is approved and implemented, it will not result in a change in the company's largest shareholder.